Property firm Estate Guru Co, run by a former financier at JPMorgan Chase & Co in the US, plans to launch four new projects worth a combined THB1 billion (US$32.5 billion) next year, the Bangkok Post reported.

The company will also launch a project on a 7-rai site on Soi Petchkasem 53 this year, said chief executive Nat Manasomjit, who resigned from JPMorgan Chase New York in the third quarter last year to join his family’s property business.

The project, Wizdom, worth THB150 million (US$4.9 million), will comprise 73 townhouses priced at THB1.6 million (US$52,000) to THB2.4 million (US$80,000).

Unlike other large developers that use prefabrication, Estate Guru will use red brick to build townhouses to allow owners to build extensions.